PennyMac Financial Services Inc. (PFSI) CFO Sells $85,100.00 in Stock

PennyMac Financial Services Inc. (NYSE:PFSI) CFO Anne Mccallion sold 5,000 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $17.02, for a total value of $85,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Anne Mccallion also recently made the following trade(s):

On Friday, November 11th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.62, for a total value of $83,100.00.

On Tuesday, October 25th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.33, for a total value of $81,650.00.

On Wednesday, October 12th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.14, for a total value of $80,700.00.

On Wednesday, September 28th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.90, for a total value of $84,500.00.

On Thursday, September 15th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $17.64, for a total value of $88,200.00.

On Friday, August 26th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.24, for a total value of $81,200.00.

PennyMac Financial Services Inc. (NYSE:PFSI) traded up 1.78% during trading on Tuesday, hitting $17.15. The company had a trading volume of 623,755 shares. The company has a market capitalization of $382.60 million, a price-to-earnings ratio of 6.74 and a beta of 0.57. PennyMac Financial Services Inc. has a 12-month low of $10.48 and a 12-month high of $18.13. The firm has a 50-day moving average of $16.66 and a 200 day moving average of $15.09.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.16. The firm had revenue of $291.40 million for the quarter, compared to analyst estimates of $259.79 million. PennyMac Financial Services had a return on equity of 4.88% and a net margin of 6.76%. The business’s revenue for the quarter was up 54.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.58 earnings per share. On average, equities research analysts forecast that PennyMac Financial Services Inc. will post $2.71 earnings per share for the current year.

Several research analysts have recently issued reports on the company. Zacks Investment Research raised PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Saturday, September 17th. Citigroup Inc. increased their price target on PennyMac Financial Services from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, September 9th. JPMorgan Chase & Co. increased their price target on PennyMac Financial Services from $14.00 to $16.50 and gave the stock a “neutral” rating in a research note on Friday, August 5th. Bank of America Corp. cut PennyMac Financial Services from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 28th. Finally, Nomura reaffirmed a “buy” rating and set a $20.00 target price on shares of PennyMac Financial Services in a research note on Friday, November 4th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.15.

A number of hedge funds have recently added to or reduced their stakes in PFSI. Credit Suisse AG acquired a new stake in PennyMac Financial Services during the third quarter valued at about $317,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in PennyMac Financial Services during the third quarter valued at about $353,000. The Manufacturers Life Insurance Company acquired a new stake in PennyMac Financial Services during the third quarter valued at about $189,000. SECOR Capital Advisors LP acquired a new stake in PennyMac Financial Services during the third quarter valued at about $411,000. Finally, Morgan Stanley raised its stake in PennyMac Financial Services by 48.6% in the third quarter. Morgan Stanley now owns 135,090 shares of the real estate investment trust’s stock valued at $2,298,000 after buying an additional 44,178 shares in the last quarter. Hedge funds and other institutional investors own 94.07% of the company’s stock.

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PennyMac Financial Services Company Profile

PennyMac Financial Services, Inc (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. It operates through three segments: loan production, loan servicing and investment management.